How Crowdsourcing Works?


Mainly there are four types of crowdsourcing:

Invention:

Crowdsourcing is used to source ideas, often for new or existing product development. This means the community is tasked with creating ideas from scratch while also improving on and ranking ideas. 
Examples of invention include Dell’s Idea Storm (www.dellideastorm.com) and My Starbucks Idea (www.mystarbucksidea.com).

On My Starbucks Idea the community is asked to share, vote for and discuss ideas to improve Starbucks’ products and services.

Creation:

New content is created, owned and maintained by a community on an already existing platform. The crowd can also contribute finished work or just an idea, allowing other members to flesh out concepts.
Good examples of this include Thread less (www.threadless.com), Wikipedia (www.wikipedia.org) and Idea Bounty (www.ideabounty.com).
Idea Bounty works via a system through which a client may post a brief which is then distributed amongst the community. The community then responds to the brief with creative solutions. The best solution to the problem posed is chosen and its creator rewarded.

Organisation:

Through this method crowdsourcing is used to create new content by organising already existing content. The community is charged with ranking information in terms of relevance and popularity.

Examples here include Digg (www.digg.com) and StumbleUpon (www.stumbleupon.com).

StumbleUpon is an online community where users discover and rate web pages, websites, images and video content. It acts as a personalised recommendation engine using peer-voting and social networking principles.

Prediction:

Prediction aims to predict trends by asking the community to submit ideas and vote for them.

Examples include Yahoo! Buzz (www.yahoo.com/buzz), Ramussen Markets and Media Predict (www.mediapredict.com).

On Media Predict, users bet on media trends such as TV viewership and books that are likely to sell well. Media Predict can generate predictions as to what will and what won’t succeed; essentially helping media companies understand
what consumers really want.


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